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, it looks like lawmakers will celebrate new year's eve at work-- if not resolving the fiscal cliff, at least trying to avoid the blame. darren gersh, nbr, washington. >> susie: going over the fiscal cliff will not only have an impact on the national level, it will also hit states and eventually cities. if lawmakers fail to reach a deal before january 1, the cliff's across the board spending cuts and tax increases will impact how much money states get from the federal government. ruben ramirez reports from washington. >> reporter: we all know the numbers. failing to reach a deal by january 1 will result in $109 billion in automatic cuts to federal spending. and while that's a big number, what matters most to states and municipalities is the small print, detailing just where those cuts will happen. and standard & poors' gabe pettek says those details could still be months away. >> even if the policymakers in washington, d.c., resolve the immediate issue before january 1 or shortly thereafter, we think there are going to be several details related to the administration of tax policy and the way
to avoid the fiscal cliff. one you might see a benefit in the your paychecks next year. >> the president is cutting the number of parties for the inauguration. we'll ted you what is different. >> we'll tell you >> you're watching abc 7 news at 6:00. >> despite a major defeat over plan b speaker john boehner is encouraging republicans to work with democrats to avoid the fiscal cliff. this comes a day after president obama said he will pursue a less am by shougs budget deal with republicans. there is good news no matter what congress does to address the problem, it is too late for employers to with hold income taxes from paychecks next month. employers are going to with hold the tax for the 2012 rates. >> president obama is restricting the number of inaugural balls to the lowest number in 60 years. there will be only two official parties right now. there was 10 held the last time around. there will be a concert honoring military families held on saturday before the inauguration. >> before the ina ration christmas. we are three days away. the
price of georgia to challenge john deere for the job. much more on what is next for the fiscal cliff. one week before we reach that point. the deadline is december 31, january 1. the president is in hawaii. the house and senate are also in set -- in session this week. elliot engel, weighing in on a number of topics, including rumors that former republican senator chuck a bill could be nominated as defense secretary. you heard from the president on friday as he nominated senator john kerry as secretary of state and the new speculation about chuckle over at the pentagon. here are the comments of congressman dingell, the incoming democratic member of the house foreign affairs committee. but there is a huge opposition to the potential nomination of chuckled to become the next secretary of defense, even the president obama has not made his decision. the former senator has come under fire for statements he has made, including one where he referred to the pro-israel lobby as the "jewish lobby." what is your reaction to that remark? >> i think that remark is a troublesome and problematic. it
to the fiscal cliff, and 20% this time next year. >> brenda: jonas bull or bear. >> not as bullish as that. >> brenda: larry, your
that lawmakers may not lead us over that fiscal cliff after all. coming up next, president obama draws a line in the sand. we'll explain his plan for averting a tax hike. >> thank you for calling. >> i team reveals why a state agency is too busy to take your calls. >>> a late afternoon meeting brings progress towards avoiding the fiscal cliff. tonight abc 7 news mark matthews has been looking into the cost governoring over the live cliff. >> remember, last year it? was part of a deal to end the debt ceiling crisis. congress agreed to steep a spending cuts going into reduce the deficit. cuts now are just around the corner. >> the president says he's optimistic but did f.a deal can not be reached he'll tell hairy reid to introduce a fall back bill. >> put a bill making sure tax on middle class families don't goup, that unemployment is available for two million people z that lays ground work for additional deficit reductions and economic growth steps we can take in the new year. >> the bill, as the president calls bare minimum isn't what many hoped for, pushing off until next year, larger pron l
hosting uconn in women's hoops. i'm colin rush. have a great day everyone. >> katie: next the fiscal cliff-hanger, senators could vote on plan to save the country from the fiscal cliff on sunday but so far hopes have lawmakers striking deal haven't been met. and local high school band making history in the tournament of roses parade. >>> developing news out 6 moscow where a jetliner caught fire killing two people on board. twin engine jet went off the runway and broke apart and caught fire. news reports say about a dozen people were on board and several of them were seriously injured. it was a ministry spokesman that confirmed two people died. >>> in washington, senate a lot leaders are hoping to come up with a compromise they can send to the house tomorrow to avoid the fiscal cliff. lisa stark has the latest. >> there is nothing like a deadline to force action. the president met with congressional leaders for the first time in six weeks and then proclaimed himself modestly optimistic. >> they are watching what we are doing here. their patience is always thin. >> with the clock running out
the debt ceiling in with the fiscal cliff. we have to get to next without a self-inflicted recession and take on the debt ceiling which a symptom of the national debt. if we can deal with the national debt, we can get a deal on the debt ceiling. but that is a lot of work. gerri: the war of words going on is not helping. harry reid saying it is republicans fault and somebody from boehner's office said harry reid has to talk less and legislate more. it is comical. it is simply comical what is going on. does it surprise you? >> sadly it does not surprise me too much. the truth is this. there has to be a bargain struck and not a good way to bargain to demonize the people you'll be sitting at the table with. harry reid called a speaker john boehner a dictator. republicans have fought that, they are not innocent in this. timtime to take down the verbal warfare and cut a deal sparing the fallout of the fiscal cliff. gerri: can we get anything with any meaning before the end of the year? >> not get your hopes up on a big deal on the debt. not too many tax increases, some will be in there. av
editor with the washington times and he is here to talk to us about the fiscal cliff. what's next. so let's get to it. on friday you had the lead story with the headline boehner's plan fails to win over g.o.p. the collapse is a serious blow to house speaker john boehner who hoped to gain leverage in his discussion with president obama and signals conservative republicans are inwilling to stomach any rise in tax rates even on those making more than $1 million which was mr. boehner's plan. so walk us through what happened on friday. how did we get there? and it seems like the speaker of the house didn't see this coming, and a lot of folks in washington want to know why not? guest: we begin the week with the speaker of the house saying negotiations between he and president obama had stalled. they were stuck on their -- i guess i would say maybe not their final offers but current offers. boehner said he would raise taxes on those making a million a year or more and get all told $1 trillion in tax increases which he wanted to be matched with $1 trillion in spending cuts and the rate increases
the collapse of efforts to avoid the fiscal cliff, all sides were speaker boehner tried to shift that burden, saying democrats unemployment insurance to be extended. >> we can't cut our way to prosperity we need real economic growth. and many of us believe on both sides of the aisle that fundamental reform of our tax code will help us get our economy moving faster and put more americans back to work and more americans on the tax rolls. how we get there, god only knows. >> reporter: voters who expected congress to watch over the >> so i think the tax issue and the job issue needs to be looked >> reporter: voters who expected congress to watch over the economy after the election are watching the fiscal cliff with growing alarm. >> it's going to mean a lot of problems, the job situation will actually get worse because then companies can't borrow money and if you can't borrow money, then you're gonna have problems with hiring employees and stuff like that. >> reporter: the holidays are usually times that bring families together and many would like to see that happen at the national level as well
and safe and be loved. goodnight. fore this fiscal cliff thing happens. melissa francis is next. melissa: merry christmas eve, everyone. north american aerospace commander norad is currently tracking santa's progress. so far he has delivered within 2.3 billion gives. he has a way to go. my little guys are still waiting for their presence. captain, thank you for joining me. is there anything santa should look out for? >> not at all. we are looking very carefully. it looks like it will be smooth sailing for santa tonight. melissa: how is his progress so far? 2.3 billion is a lot of gifts. he has a lot of ground to cover. >> he is only about a third of the way through his journey. he is down in the and arctic area heading towards madagascar. it looks like he will be right over the eastern part of the united states at about 9:00 p.m. tonight. melissa: where has he been so far? >> so far, he has covered all of asia. he started off in the island and moved over to japan, russia, india, and is making his way up the east side of africa. melissa: you do not see any weather problems later tonight i
of months. it proves even if we get through the fiscal cliff situation we are headed for a major showdown next year. >> doug: ed henry traveling with the president in honolulu. what happens if we go over the fiscal cliff? molly henneberg explains it means more money of the of your wallet. >> taxes are going up on everyone immediately. if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial dollars. $500,000 to $1 million pays $34,000 more. they want $215,000 on top of what you pay in taxes. >> the wealth manager says the money you have left as far as businesses also deal with their own tax hikes. >> you are going to see less money in your paycheck. >> the government has to bite
the fiscal cliff? the political brief sing next. first, the amr moment of 2012 that left us all speechless. i'm not kidding. this literally left me speech weathers it happened. you will remember it. >> contraceptive thing, my gosh, it is such inexpensive. back in my days, they used bayer aspirin, they put it between their knees and it was not that costly? ? >> excuse me, i'm just trying to catch my breath from that. >>> this afternoon's meeting feels like optics, to make it look like we are doing something. let me say one more time, this is a total dereliction of duty at every level. i have been surprised that -- the president has not laid out a very specific plan to deal with this. but candidly, congress could have done the same. and i think that the american people should be disgusted. >> this's just four days until washington drives off the so-called fiscal cliff. something both democrats and republicans have called a worst case scenario. is temporarily going tv cliff is a best-case scenario for all parties involved? joining me now is maggie haberman. thank you for bog the show. >> thanks
in that sector. >> and then next as lawmakers make a last-ditch effort to avoid the fiscal cliff, what's an investor to do right now? should you opt for the relative safety of gold in the new year, for example, or take your chances with, oh, how about stocks? it's gold versus stocks when we come back after this. iency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. >>> as we speak, congressional leaders and president obama are meeting at the white house as they work on last-minute negoti
. s&p down three. >>> what might happen next year if congress doesn't avoid the fiscal cliff. a person earning 50-$75,000 a year would see a hike of $2,400. >>> gas prices in the bay area and around california are still dropping. that is according to aaa. the trend will continue into the new year. the average price of a gallon is $3.60-in san francisco. san jose $3.49. oakland $3.48. california is reflecting a national trend as demand is low and supplies are high. >>> back to the developing news we showed you earlier. an apparent head on collision had forced police to shut down highway 84. that has now been reopened but as a result of that closure you can see the traffic backup. this is highway 84 in the livermore area. westbound lanes, severe back up. no word about the injuries, what the conditions are of the people involved in the accident but we are continuing to work the phones and get more details. you can see from our picture here, the incredible traffic back up. if you are planning to be around that area, you might try to take another route. >>> move on to weather now. after yes
cliff. with just six days until the deadline, some lawmakers say it might be too late. and that's next. so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. from the president cutting his holiday vacation in hawaii short to get back to work on avoiding the fiscal cliff. the white house says the president is set to return to the nation's capital tomorrow morning to try to hammer out a deal where lawmakers on stopping automatic tax hikes and deep spending cuts from kicking in, which is set to happen, if you're not watching the calendar, six days from now. if they don't reach a deal many say it could send the country right back into recession. ed henry is live in honolulu, hawaii. is this a sign the president sees progress in the talks?
his second term. he was elected to lead. we can still avoid going over the fiscal cliff if we step for this week and republicans to solve this problem and solve it now. >> we talk with washington post reporter laurie montgomery this morning for the update on the fiscal cliff negotiations. >> tell us, what kind of a deal the president offered and what is new in the negotiations among the senators and between the senators and the white house? >> there does not appear to be anything new. the policy they are talking about are the same public -- policies that have been on the table for weeks. what is new is they seem to have finally agreed they will move forward with something. there is no guarantee that the republican leader and democratic leader will be able to put together an agreement. but they are now saying they will try to do it. they are working together and amy towards a vote sunday are monday. >> what is the scuttlebutt among the rank-and-file senators about whether or not they're going to be able to pull this off before the end of the weekend? >> it happened so late, and it w
-called fiscal cliff. i'm craig melvin and you are watching msnbc, with all the focus on the fiscal cliff, will there be action on gun control. meanwhile, we are going to talk to an attorney general that wants to arm teachers to protect students. and the race to fill john kerry's senate seat. first, fiscal cliff talks. countdown clock tot screen. the senate is shouldering most of the weight of that deadline. senate leaders working behind closed doors to come up with a cliff compromise, something that the house and the president has failed to do so is far. the president has tasked senator majority leader harry reed. >> i have asked senator reed to do it, put a by on the floor to make sure that taxes on middle class families do not go up. and unemployment insurance is still available for two million people and lays the groundwork for economic growth and deficit reduction. >> everything that has been happening in the last several hours has been happening behind the scenes. we have correspondents tracking everything for you. we have luke, luke, i will start with you this hour. the senate offi
to show for itself after two years. coming up next, how the massive gains in the fiscal cliff could impact your 401k and the economy. stay with us the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm upping my game. do you want a candy cane? yes! do you want the puppy? yes! do you want a tricycle? yes! do you want 50 percent more cash? no! ♪ festive. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. what's in your wallet? gerri: big tax hikes set to t gerri: you make it, they take it. 23.8% is the raise that policymakers will see on capital gains. chris edwards joins me now. he is director for tax policy studies at the cato institute. i would like to show people what we're talking about. he gets confusing for people. we have a current tax rate, 15%. on january 1, the capital gains tax rate will jump to 23.8%. i talked to a lot of my friends and they say that
the status of the fiscal cliff. he also gave an ultimatum to leaders of the senate. more on that next. >> the fines keep coming to the ravens. why this matter should have happened. >> breaking down this upcoming little storm over the weekend. let's take a look outside. dry in baltimore right now. 42 >> late breaking details out of washington from the white house. we heard from a very frustrated barack obama after a meeting with congressional leaders to talk about the fiscal cliff. he said it was a good day and constructive conversation. he also said mitch mcconnell and harry reid are currently working on a bipartisan agreement to avoid the fiscal cliff. again a reminder, on january 1st, a package of across-the- board spending cuts and tax increases go into effect. the president also issued an ultimatum saying if no bipartisan agreement can be reached, he will ask them to bring it package to the floor for an up or down vote. why does everyone have to wait until the last minute? he called this a self-inflicted political wounds. it is because they could not reach a deal earlier this year
increases and spending cuts that are due to take effect next week. no official fiscal cliff negotiations between republicans and democrats have been scheduled. not a great deal of progress. >>> with the government right on the edge now of that fiscal cliff, taxpayers are facing a lot of uncertainty as we head into the new year and for many of us the usual year-end financial strategies simply may not apply this year. 7 on your side's michael finney sorts out some of the confusion. >> reporter: when it comes to year end finances the old rules may not add up this year. >> it is difficult to do any type of tax planning and advising because nobody really knows exactly what is going to happen. >> much of the uncertainty centers around whether the united states is about to fall off that a fiscal cliff. if that happens, that would mean the end of the temporary payroll tax cuts. even if that doesn't happen, most believe taxes will go up next year. >> one of the things that is being floated right now is people are advising people to get out of dividend paying funds, high dividend yield funds and m
in the next nine days to avoid the fiscal cliff we ring in the new year with big tax increases and spending cuts. here to talk about what is going to happen are two leading senators. john barasso, chairman of the republican policy committee and from new york democrat kent conrad, chairman of the senate budget committee. senators welcome back to "fox news sunday." >> thanks for having me. >> good to be with you. >> chris: before heading to hawaii for christmas the president laid out a new stripped down plan to avert the fiscal cliff. here is what it is. extend the bush tax cuts for people making less than $250,000. extend unemployment benefits for the 2 million people who will run out next month and delay the sequester of $110 billion in spending cuts next year. for all of the talk of $4 trillion in debt reduction this plan would only save $800 billion over ten years. senator conrad is that the best that washington can do over the next nine days and can you pass even that? >> look, chris, it may come to that but we can do better. and we should do better. this is an opportunity to do somethin
. >> and the president leaves for hawaii as republicans plot their next move at the edge of the fiscal cliff. stay with us. abc 7 news at 6:00 continues in just a moment. >>> a bay area protestor hustled out of a news conference where the nra breaks it's silence by suggesting there should be more guns on campus, not fewer. >> nra says there should be an armed police officer at every school. >> abc 7 news mark matthews is here, got quite a reaction today it did. and a few expected the nra to come out in favor of gun control but executive vice president never brought it up. national rifle association sent a sharp mess yachblgt no retreat. >> the only thing that stops a bad guy with a gun is a good guy with a gun. >> nra meter said what is needed is an armed police officer in every single school. and he accused washington of rank hypocrisy for protecting the president but failing to do the same for school children. >> we as a society leave them every day utterly defenseless. >> nravp unloaded on the news media and condemned producers of violent video games and the police chief points out there is no
from scratch. he has solutions for the country's budget mess. he joins us live next. >>> to the fiscal cliff. you know the national debt tops more than $16 trillion. as house speaker john boehner put it, quote, let's be honest. we're broke. how does washington get its economy in order? who better to ask than a billionaire. he built his company red apple group from nothing. john, welcome. thank you for coming. >> thank you for having me. how do we get this spending under control? >> common sense prevails. we are all americans. newt gingrich and bill clinton hated each other. but they sat around the table and solved the problem. we had an excess in our budget which is unheard of. these people have to realize whether they are democrats or republicans, it is not being democrats or republicans. it is being americans. sit down at the table and negotiate and come up with a solution instead of going off to hawaii and instead of going home that's what business people do. if i have a problem in one of my companies, i sit down and i say, guys, let's solve the problem. you don't just raise prices
, immigration reform and humiliating them now is not going to-- >> he could in a sense, the fiscal cliff is in a sense artificial, if he has the power to raise taxes next year for six months and then get down to serious negotiations after the congress-- >> and should republicans be willing to raise rates? say we lost the election, now what, we're just going to, we have to do it. >> well, i think if the president had put something that was like $1 of tax increases for every $4 that he was cutting, then there could be an argument for doing that, but he's not there. >> paul: all right, mary, thank you. still ahead, four state department officials were removed from their post after a report about the u.s. consulate attack in benghazi. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. ge
in a sense, the fiscal cliff is in a sense artificial, if he has the power to raise taxes next year for six months and then get down to serious negotiations after the congress-- >> and should republicans be willing to raise rates? say we lost the election, now what, we're just going to, we have to do it. >> well, i think if the president had put something that was like $1 of tax increases for every $4 that he was cutting, then there could be an argument for doing that, but he's not there. >> paul: all right, mary, thank you. still ahead, four state department officials were removed from their post after a r r r r r r r >> a scathing report this week blames systemic failures in leadership and management deficiencies at the state department for inadequate security at the u.s. consulate in benghazi before the september 11th attack that killed ambassador chris stevens and three other americans. in testimony before congress this week, two top advisors to secretary of state hillary clinton vowed to do better and to improve security at u.s. diplomatic posts around the world. clinton herself was s
next. we'll have much more on the fiscal cliff talks as they continue. also much more on the status of president george h.w. bush. >> kelly: we're glad he is doing better and out of intensive care. we'll continue to follow his story and make sure he's doing well. we'll have that and more. >> heather: anna kooiman live in times square as we prepare for, as we were talking about, new year's eve. harris faulkner up next. see you ♪ constipated? yeah. mm. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional constipation. thanks. [ phillips' lady ] live the regular life. phillips'. till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8. or...try kids boxes!
because of the "fiscal cliff." if you are on extended unemployment, those checks could also disappear by next friday. with no deal in congress, the jobless benefits end. and for those depend on the on those extend and unemployment checks on a weekly basis, right now will be the time to ration food since it's still not certain that there are benefits coming next week. and for those trying to plan ahead for anyone about to pass, the inheritance cast could shoot up to 50% if we go over the cliff. and not to mention the stock market, we all know that investors do not like uncertainty. so really hitting us from all sides. >> it's like we have one foot over the cliff already. >>> did you give thought to the "fiscal cliff" when doing your christmas shopping? many americans did because cbs 5 reporter mike sugerman tells us retail numbers weren't good. >> reporter: i'm at union square which is mobbed. it's swinging. i spent the day here and it didn't get active until a couple of hours ago and as i look around, i don't see a lot of people with bags. i'm not sure they're shopping. but the retail
republicans in congress as the fiscal cliff looms. so what happens next? moments away. >> continuing now with top story this evening. today corporal john hammarar found out he is going to be spending christmas with his family rather of course alone in a mexican prison. hammar's family is from florida. several members of the florida congressional delegates including senators bill nelson and marco rubio helped lead the fight to free the marine. but perhaps the most vocal of all of them was congresswoman ill anna ross layton who joins us now from miami with the inside story of how this all went down. congresswoman roth layton, it's so good to see you. >> thank you, laura. >> laura: beaten up in congress. approval rating is down. but now we see congress actually gets rules with the help of the factor of course and all of fox news. go ahead. tell us what happened. how did this all go down? >> well, absolutely fox news and o'reilly factor you guys saved his layoff. i mean literally, remember that as you said in the top of the program the parents tried to do it it the old fashioned way. john ha
not their daughter. >> just ahead tonight. new hope lawmakers may not lead us over the fiscal cliff after all. come up next president obama draws new line in the sand. his plan for avoiding new year tax hike. >> luxury holiday cruise nightmare. not just happening on 1 ship nightmare. >> stern censorship changes over sea. one country insist all i know net users must do all i know net users must do before logging on. stay with >> late afternoon meeting at the white house brings some progress toward avoiding the fiscal cliff which is coming very soon. just a couple of days. tonight the president called the meeting constructiv constructive. mark matthews has look at the cost of going over the fiscal cliff if we do. >> president is optimistic but if deal can't be reached this weekend he will tell senate leader reid tiny introduce a fall back bill. >> bill on the floor that make sure that taxes on middle class family don't go up. that unemployment insurance is still available for two million people lay the ground work then for additional deficit reduction and economic growth steps to take in the
rally next year no matter what happens with the fiscal cliff. and we will also be told what stocks he thinks are undervalued right now. let's start with larry. we're glad we picked up from the 150 point loss. i'm glad about that. looks like there won't be a santa claus rally this year. >> no, it doesn't look like it. we saw some pretty big down drafts today and earlier in the week. that's not what traders expect when we get into the last couple weeks of december. we usually have low volume rallies. we have done opposite. high volume drops in the market. today was a good example. recovered quite a bit but those points in the the chart have been made. the traders look at that and see the markets keep making lower lows and that makes them want to sell into the market and not buy it. shibani: david, i want to get your thoughts, you know, despite what's going on in and around the beltway, the gridlock that exists, you're still a believer in these markets. you believe in the markets forging ahead. tell me why you're so optimistic considering the swings we saw in just today's trading day alo
the next chapter in this saga of trying to resolve the situation of the fiscal cliff. it is clear that our conference has been consistent in its commitment to do something about the spending problem in washington and the mounting debt that has resulted. we stand ready to continue in dialog with this president to actually fix the problem. i hope that we see that our colleagues on the other side of the capitol can do likewise to get serious to address the real problem of spending so that we can get on about the business of growing economy and getting people back to work. >> a lot of the arguments that you made [inaudible] [inaudible] >> the president and i had a series of conversations. i told president these were my the president told me his revenues, $850 billion in line. he could not go any further. so we see a situation where, because of the political divide in the country, because of the divide here in washington, trying to bridge the differences has been difficult. if it were easy, i guarantee this would have been done decades before, but we have to find a way to address this significa
're talking about the fiscal cliff, we heard so much about spending and revenues over the next decade. is the best scenario over the next decade merely a maintenance of existing foreign aid? >> certainly we should maintain it. we have in fact cut back on foreign aid. at the very least, we should maintain it. i would like to see if we get to a place where we can have some agreement in washington and put off -- but our finances in better shape, in a few years we could increase it. -- put our finances in better shape, in a few years we could increase it. foreign aid is good for the countries and get it, but also america. >> let me ask you about the situation in syria. 40,000 people dead. almost two years into a civil war. no real and insight. the obama administration has a clear policy of avoiding intervention -- real end in sight. the obama administration has a clear policy of avoiding intervention. what do you think should be done more in syria? >> syria is a complex issue. i was the author of the syrian accountability act, which passed both houses of congress and signed by president b
to grow more next year barring any detours becaused by the fiscal cliff. >>> newcomers who wish they were will get a chance. vintage license plates will be on sale. don ford has the latest. >> reporter: california is clearly the car capital of the country and if you crave the classics, the department of motor vehicles has a deal for you. starting this january 1, for 50 extra dollars, you can order a vintage looking license plate for your car. brad owns my hot cars. a classic muscle car showroom in livermore. >> you you can have it on anyway according to the way the law reads. you can visit on your prius, you can have it on your new camaro. >> reporter: originally, vintage plates meant your car was born and raised in california. especially with collector cars. >> previously, to this new law, the black and yellow plates gave it a 10% increase in value because that unique california heritage. >> reporter: craig is a retired judge and car collector from southern california. he says the state needs the money. how do you judge that? >> how do i judge that? i would say we are raising revenue. we
at the fiscal cliff issue and we will lecher know what is born on with that. they are set to be back tthey will get bo work after the christmas break. >> have a forecast coming up in a few minutes. >> new for you this morning. pope benedict today granted a christmas party until his former butler. in october, the ex butler was sentenced set 18 months in prison. he least hundreds of the postpaid first to an italian journalist. he says that he did it to expose corruption in the vatican. the documents later ended up in a book by the journalists. the pope visited him in prison to grant a pardon. in person gabrielle was immediately released. >> egyptians head to the polls today for a second round of voting on an islamic backed constitution. only 32 percent of murders turn out last saturday for the first round of voting. but a majority of those voted yes. today's vote comes a day after fighting in alexandria between supporters and circular opponents of the constitution. the document would expand president mohammed moore's east powers, giving him immunity from the courts. >> stay with us, sports
. a fiscal cliff special coming up new year's day. i have to go to bed early. too bad. >> sorry. >>> the next hour of "cnn saturday morning" begins right now. -- captions by vitac -- www.vitac.com >>> good morning, everyone. i'm alison kosik. >> and i'm chp cristi paul. we hope this saturday's been good to you so far. >>> and hope coming from washington with negotiations going on this weekend between the two top senate leaders. cnn radio capitol hill correspondent lisa desjardins is in washington. good morning, lisa. you were on capitol hill yesterday for all of the political action between president obama, congressional leaders. do you think we're closer to a deal? i'm hearing optimism from the president. is that real or is that imagined? >> reporter: right. what do you say? mod deftly or moderately optimistic he said? i think it's for real. people have wanting to get to this point for even a chance at a deal. that's where we are. not a deal yet but there's a chance for a deal. now two senators being the principal negotiators. mitch mcdonaconnell and harry r. harry reid said he is going to c
of the so-called fiscal cliff, but how about the dairy cliff? milk prices could double next year because a national farm bill expires on january 1st. if lawmakers do not extend that bill it, reverts to 1949 law when the government and not the market controlled prices. because of antiquated formulas used to set the price, a gallon of milk which now costs close to $4 in most places could jump to 6 or possibly even $8. >> it's the most important ingredient we use. if prices go up, it definitely affects our business. we're definitely concerned and we keep our eyes on the market. >> but some experts are downplaying the dairy cliff, saying the agriculture department will stall until congress moves to keep prices down. the farm bill provides disaster relief for farmers. >>> gay couples are now allowed to marry in the state of maine. [ applause ] >> this is video of the first gay couple to wed in portland, main. the two exchanged vows in the city clerk's office just after midnight when the new law took effect. voters in maine, washington state, and maryland approved gay marriage in november. gay
of their facilities. >> thank you, barbara starr at the pentagon. >>> "outfront" next, worries about the fiscal cliff wreaking havoc on our economy. stocks down for the fifth straight day. what lawmakers must do to stop the bleeding. >>> we count down our top political rivalries. find out how many of your favorite politicians made this list. ve, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. ...but he'd wait for her forever, for any reason, and would always be there with the biggest welcome home. for a love this strong, dawn only feeds him iams. compared to other leading brands, it has 50% more animal protein. ...to help keep rocky's body as strong as a love that never fades... if he ever lets her leave again. iams. keep love strong. i have a cold, and i
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more next year barring any detours caused by a "fiscal cliff." joe vazquez cbs 5. >> must be nice. >>> new year new laws and new protections for consumers. cbs 5 consumerwatch reporter julie watts explains how car buyers and homeowners are going to benefit in 2013. >>> reporter: from for profit education -- >> all my money my future is gone. >> reporter: -- to faulty foreclosures. >> for me they happen pretty quickly. >> reporter: and deceptive car dealers. >> , it's an in-house financing that he have. >> reporter: the consumer problems we resolved this year have run the gamut. but next year, a series of new laws may help prevent them altogether. first up buy here pay here. used car dealer financing for low income drivers. one in four of those drivers ends up with a repossessed car. >> it's leaking oil. >> reporter: borrowers like gentry ramos complain of inflated prices, unfair payment stipulations and sub cars with no warranty. now they are required to have warranty. dealers must show proof of fair market value and they can't make buyers pay each month in person. >> i go to the
. whether those lines are used repeatedly over the next few days to reach a fiscal cliff deal is anybody's guess. joining me now for our daily fix, nbc's kelly o'donnell is live on capitol hill. kelly, i want to start with you. senator scott brown just tweeted out to all his followers that he was getting on a plane heading to washington. the president has apparently sent over a new deal to the senate. what can you tell us about this new fiscal cliff deal that president obama has sent over to senator leaders? >> well, the power of social media to get the word out. gop sources say in the conversation with the president, he indicated that he does have a bill he would like to bring forward to the hill today. they have not seen that. it would be a package to deal with averting the fiscal cliff. we can infer from that with what the president said before he went to the family vacation in hawaii that he wanted something that would be scaled down, not a massive grand bargain that would protect the current tax rate for people who earned less than $250,000 a year or perhaps a different figure if th
% next year without the fiscal cliff, that would correlate with about 2 million net new jobs next year. so it's a continuation of a steady expansion. i wish it was a little faster expansion, but nonetheless it is an expansion. if we had a fiscal cliff, and we are reversing all the gains we have seen. host: what about mortgage deduction on a second home or vacation home or a certain limit to the size of a mortgage? would you be supportive of that? guest: we have to recognize that negotiating away from what has been a striking departure from just protecting the mortgage interest deduction, property ownership. any breach to that invites further breaches. our members, even though they recognize the deck is a need to be resolved, any breach will lead to further coming back, loring the income limit. -- lowering the income limit. we have to recognize many of the second homes are in places like michigan, wisconsin, arkansas, where people are looking for a weekend fishing lodge. very not the hamptons or expensive homes in beverly hills. many homes are scattered in the midwest. host: our first c
next with the deadline, january 1. we will begin with your comments on the fiscal cliff talks, now down to the wire. here are our phone numbers -- you can join the conversation online. host: here are some of the friday morning headlines. a rare back to work for congress. "cliff talks down to the wi re" is the headline in "the wall street journal." host: that story from inside "usa today." this is from "the new york times." host: there is this from "roll call." pessimistic asstima ever. the president summoning congressional leaders. we expect there will be a stakeout afterward. we may hear from the president and we will be following all of that as the day unfolds. it's begin with david lightman. he covers capitol hill and the white house. the best sense of what you think the dynamics will be inside the room at the 3:00 p.m. meeting. guest: for all this talk of pessimism and optimism, the only people that know are the five principles in that room and i think that is important. they are all seasoned negotiators. they went to the debt ceiling stuff a year and a half ago. i think there will
. >> some hope for talks on the fiscal cliff. with just five days until the country tumbles into automatic tax hikes and spending cuts the president has scheduled a meeting. danielle nottingham on the efforts. >> reporter: top congressional leaders are expected to meet with president obama at the white house friday. this would be the group's first face to face meeting since november 16th and a last minute chance to avoid the so-called fiscal cliff. if no deal is reached taxes will go up for nearly every american and harsh spending cuts will kick in on january 1st. senators reconvened on thursday with tension spilling over on to the floor. >> speaker boehner is unwilling to negotiate. there's nothing happening. >> the phone never rang and so now here we are five days from the new year and we might finally start talking. >> reporter: senate majority lyddite harry reid skewered house speaker john boehner, charging he's more interested in his leadership position than in bipartisan legislation. >> the speaker's number one goal is to get elected speaker on january 3rd. >> reporter: the two sides
cliff and their plans for the next year. we will continue with the forecast for the housing market with the chief economist with the national association of realtors. fall by more discussion of the fiscal cliff negotiations -- followed by more discussion of the fiscal cliff negotiations. and a discussion on background checks. how they work, who gets them, and when they are required. our guest is matt bennett with the third wayl . on "washington journal" at 7:00 a.m. >> kent conrad is retiring. the north dakota democrat talk about partisanship in the senate and his time working on economic issues including his service on the bulls simpson commission. -- bowles-simpson commission. this is 30 years. fulle're talking in a week o of farewell speeches. what is that like? >> it has been great. i have that going away party the night before. a lot of my colleagues were there. then the farewell speech in which i had a chance to reflect on my service here but also to challenge my colleagues to finish the job on the grand bargain to get our fiscal house in order and i laid out the specifics on
for a couple weeks. the weeks before the election, everybody talked about the fiscal cliff, and until they really put this deal together fully and for the long term, it's the same thing going out into the next year. ashley: it's interesting. what if nothing is done? what reaction do you expect there, bobby? >> if nothing's done, i think we'll have the reaction like we have now. i don't know if they'll be able to have an announcement before sttcks close at four o'clock, but everybody is sitting with hands tied behind the back for any news. ashley: dan at the cme. dan, i want to talk gold. it's interesting, gold down eight or nine bucks on the day, and you think it's a safe haven play, but is it the profit takers trying to get ahead of higher tax rates to pay? >> it's possible, but i believe people think there's no grand bargain here. if they come to grips with a plan, the plan they talked about is tax rates. obviously, that's good, a nice headline, but that doesn't stop the sequestering io themes in play. if they are in play, that's deflationary, and that's why commodities are challeng
fiscal cliff. now new details between how talks between the president and house speaker boehner fell apart on friday. >> the rain and win, both are picking up. the waves coming over the seawall here in pacifica. we will have the latest on the >> welcome back, everyone. the latest storm is hitting the bay area right now. it promises to be a boozezy before all is said and done. let's check in with our meteorologist lisa argen. >> carolyn, it is beginning to pick up along the coast, the north bay, the santa cruz mountains. here's a look at san francisco. light rains here. the winds 20, 30 miles an hour with gusts to 40 miles an hour. but this is just the beginning. live doppler 7 on top of the mountain pinging up heavier rain from santa rosa to heelsburg. a low around the central bay but you can see some yellows and oranges. we will take you to the peninsula in a mommy. from santa rosa to windsor. bodega bay and through napa rain. but the light blue, a little lull but the wind gusts to 20 americans in oakland. 32 miles an hour half moon bay. look at pacifica down through san mateo, burl
'm mike shumann. have a great day. >>> and coming up next, the huge fiscal cliff. now knew tails between how talks between the president and house speaker boehner fell apart on friday. >> the wind is picking up. the rain is steady this morning. i'll have the latest on the coastal conditions from pacifica after the break. >> welcome back, everyone. the latest storm is hitting the bay area right now. we want to check in with our meteorologist lisa argen. >> hi carolyn. good morning, everyone. the rain is increasing. here's a look at down turn san francisco. light rain. a wind advisory is posted in effect in the north bay. next half-hour in san francisco the winds will continue to pick up, as well as the east bay. you sigh the heavy rain from the north bay into parts of the east bay and the santa cruz mountains. this is moderate to heavy rain here from santa rosa, windsor, up to fort ross and highway 101. the winds gusting to over 26 miles an hour in san jose. rain along the coast with 30 miles an hour gusts and hayward 23 american wind gusts. hercules more moderate rain. in oakland light i
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of snow on the ground in the lower 48 than last year. >>> next, just six days until the fiscal cliff. the clock is ticking and it's not just about taxes. ahead, what else is at risk if a deal isn't reached in washington? >>> and the latest on former president george h.w. bush. an update on his condition is next. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! [ male announcer ] yes, it is. with two times the points on dining in restaurants,? you may find yourself asking why not, a lot. chase sapphire preferred. there's more to enjoy. make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new
any special election for the house. >> they want that vote on the fiscal cliff. still the employee of the month and thank you so much. next, breaking with boehner. a month ago, oklahoma congressman tom cole endorsed compromising and going-over the fiscal cliff. what's he saying now? the minority report, we will get the view from the other side of the aisle with john yarmouth. a look ahead at the president's schedule. you are watching t"the daily rundown" on msnbc. i love the holidays. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card. apply online or at a bank of america near you. [ male announcer ] the bankamericard cash rewards card. is bigger than we think ... sometimelike the flu.fer from with aches, fever and chills- the f
. >> thank you, you too, adam. adam: the u.s. auto industry hit high gear this year in 2012. the fiscal cliff could throw all its gains next year. the lauren fix, known as the car coach is here to explain why and one of my favorite topics, cars. do you think lauren can name this beautiful automobile? we'll giver her a test. what kind of car is that and test her automobile chops next. and test her's as well. is now the time to put your house on the market. top real estate expert says, yes. she is here with details. we'll challenger. we awaiting president obama. he will take the podium in a matter of minutes and will bring you a statement on the fiscal cliff live. "piles of money" is on the way. ♪ she keeps you guessing. it's part of what you love about her. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or ur
in this is the first battle. they want to win the war. they don't want to get totally bruced in this fiscal cliff situation. they're willing to buckle a little bit on rates right now but ultimately when they talk about the debt ceiling, they think they can some other things they can attack 37. >> sam, is the obama white house this good? is this divide and conquer? >> well, first of all, no, they're not that good. and, you know, it's ironic because had boehner taken that last offer that obama gave him, one that would have changed the benefit structure for social security, it would have ended up fracturing the democratic base in some respects. a lot of progressives were upset the white house was even going there. they thought he didn't need to make that concession. a lot of this is the house republicans' own fault they're in in corner. they could have taken a deal, could have take an deal in the summer of 2011 which would have been more favorable to them. they didn't do either. >> if obama is coming out and from what we're hearing he's not making a real offer. he's coming out with $250,000 staying
on the fiscal cliff? doubt it, but we'll see next. >>> welcome back to "worldwide exchange." i'm kelly evans. ross westgate is away. these are your headlines from around the world. president obama and congress return to work today with little progress seen on the deal to avoid the fiscal cliff while the government starts taking steps to buy more time before the u.s. hits the debt ceiling. the yen hits a two-year low against the dollar as the new japanese government vows to battle deflation and weaken the currency. export stocks rise pushing the nikkei towards it's strongest gain in seven years. and toyota moves higher after the car dealer settles a class action lawsuit. analysts say the $1 billion payment is already priced in. >> it was a pretty quiet trading session in the u.s. yesterday. retail stocks were one of the market's worst performers. we were just discussing the outlook for holiday sales coming in weaker than first expect. today, trying to cover some of those losses. similar small gains seen for the s&p. the nasdaq was a little lower the last time we checked in. roughly flat now.
. five days in a row doing into the fiscal cliff and the dow stands to really get rocked again next week. >> you see, what's important here is the lack of clarity coming out of washington, d.c. really affects the marketplace in a negative way. like you just mentioned, before our eyes over the holiday vacation, market's down 100 points today. the volatility and swings in the marketplace are very big when there's uncertainty out of d.c. with respect to the fiscal cliffwhen the debt ceiling. they're real issues that need to be addressed in short order. >> you tend to think the media hypes up these things. the fiscal cliff, maybe we're making too much of it. you're not in that court. >> i'm not in that court. i think this is a significant piece of legislation the united states wants to see the balance sheet and income statement of the u.s. be taken care of in short order. otherwise, we also risk a credit rating downgrade. if we can't take control of our revenues that come in and spending that goes out, people will lose can confidence and faith. >> confidence is a big word. kyle harrington, g
on the fiscal cliff some time in the next four days and 14 hours. that's coming up at 11 a.m. "squawk on the street" will be right back. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. >>> second day in a row retailers led the losers list. simon who can is here with what is coming up at 10. >> we will talk about where the markets are going to go from here, fiscal cliff, positioning for 2013 and kim co-on the program, one of the biggest owners of american malls. how are they faring as america spikes again? apple, a four-year low, they are experime experiments, carl, as you mentioned with curved glass. >> simon, looking forward to see you. >>> chicago drive mayors ring in the new year with reluctant, starting in january, they will be shelling out more for downtown parking meters than drivers in any other city across the country. the cost to park at a metered spot will rise to $6.50 a hour, double what drivers paid in 2008. so
of fiscal-cliff type episodes. another debt ceiling debate coming up early part of next year, as well. >> yes, we do. >> i hope we can get leadership. >> okay, thanks, dylan glenn, thanks so much. >>> so what could the fiscal cliff mean for wall street and your retirement fund? i'm going to ask independent new york stock exchange trader in about one hour from now. >>> all right. let's switch gears here. because after newtown, gun buybacks are making headlines across the country. >>> and we're going to tell you how donors funded the biggest buyback ever in one connecticut town. i know. i'm will, and this is the nokia lumia 920 from at&t. it's got live tiles so all my stuff's always right there in real-time. it's like the ultimate personal assistant. but i'm me, and me needs handlers. so i hired todd to handle it for me. todd, gimme that hollywood news! what's happening on twitter? you're trending! yes! you can't have a todd, but you can have your own personal assistant. i guess you could call it todd. [ male announcer ] the new nokia lumia 920 with live tiles that deliver what you want
a "fiscal cliff" compromise on -- leave for the holidays and leave a "fiscal cliff" compromise on hold. what's left to find common ground with only days to make a deal. >> a milestone for california's jobless. the new number and where unemployment is still double the national average. >> an annual pampering for the mom. ,,,,,,,, president and congress are headed home for vacation. t president did offer a finala for a resolution... cbs repr >>> 10 days until the country falls off the "fiscal cliff." washington is going home for christmas. tara mergener on the president's parting thoughts. >> reporter: president obama called on house speaker john boehner to come back to the negotiating table to avoid the "fiscal cliff." >> as of today, i am still ready and willing to get a comprehensive package done. >> reporter: the house did not even vote on speaker john boehner's proposed plan b because it didn't win enough republican support. >> good morning, everyone. >> reporter: the speaker says the ball is in the president's court. >> unless the president and congress take action, tax rates will go up
the fiscal cliff other legislative matters are going unattend one is the agriculture bill which if not addressed could lead to a doubling of the price of milk early next year. >>> and gas prices have fallen nearly 12 cents over the last two weeks. the average cost of a gallon of regular gasoline is 3.26. that is the good news at the pump. it's unlikely that it will continue. higher crude oil prices are translating into higher whole sale gasoline prices so expect the prices to jump 5 or even 10 cents coming soon. >>> yes, there is no place like home for the holidays. no doubt about it. but the weather is not making it easy for people to get there. look at this. heavy snow, torrential rains delayed so many people. millions of travelers have been stranded. the roads are practically impossible to navigate. in some parts of the western united states. >> road are pretty bad. a lot -- roads are pretty bad. there's a lot of spinouts further east. there's going to be chain control for the next two days or least going into christmas. >> and swimming might bt best way to traveling if you -
. >>> a high level meeting to find a fiscal cliff deal. our next guest says the whole thing is going nuclear. we'll talk to ken rogoff on the economy. >>> plus amazing terrifying video when a 33-ton shark tank explodes. you do not want to be near the shark, who would be pretty annoyed. we'll show you the rest of this when we come back. [music: artist: willy moon song: "yeah yeah" label: universal] ♪ everybody well don't you know it's me now? ♪ ♪ yeah who's it, who's it huh? ♪ ♪ willy's back with a brand new beat now, ♪ ♪ yeah doin' it doin' it up! ♪ heyyy yeah, tryin' to bite my style! ♪ ♪ heyyy yeah, how you like me now? ♪ ♪ na na na na na na na na ♪ and everybody go uh! welcome back to "starting point." >> good morning, everybody. it's a fight between world powers with agonized parents and children caught right in the middle. russian president vladimir putin signed a bill that bans u.s. families from adopting russian orphans thought to be payback for a u.s. law that attackles human rights abuses in russia. moscow says too many orphans have been abused by their ame
. thanks at lot. next on the run down do both parties actually want to go over the fiscal cliff to save political face? we'll debate it the state department officials out of their jobs after the benghazi terrorist attack are reportedly still on the payroll. we have details moments away. >> greg: continuing with top story tonight. with days to go. both parties want it to go over the fiscal cliff in order to save face politically and strike a deal next month. will that be too late? alex stewart a republican stat gist and here in studio my favorite juan, juan williams a fox news contributor. aren't the consequences of going off the fiscal cliff all that's miss something vegan lunches. you must be giddy about going over the cliff. not me i don't want to go over the cliff. i think, you know what? i have investments. i work for a living. guess what? it would be absolutely traumatic for the global economy and recession not in the midst of a strong recovery. it's pretty weak. i don't think it's good news for anybody. this is something that the press doesn't pay attention to, greg. i think if ob
cliff looms. so what happens next? moments away. i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. is bigger than we think ... sometimelike the flu.fer from with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that works differently than over-the-counter remedies. prescription tamiflu attacks the flu virus at its source. so don't wait. call your doctor right away. tamiflu is prescription medicine for treating the flu in adults and children one year and older whose flu symptoms started within the last two days. before taking tamiflu tell your doctor if you're pregnant, nursing. have serious health conditions, or take other medicines. if you develop an allergic reaction, a severe rash, or signs of unusual behavior, stop taking tamiflu and call your doctor immediately. children and adolescents in particular may be at an increase
cliff looms. so what happens next? moments away. >> continuing now with top story this evening. today corporal john hammarar found out he is going to be spending christmas with his family rather of course alone in a mexican prison. hammar's family is from florida. several members of the florida congressional delegates including senators bill nelson and marco rubio helped lead the fight to free the marine. but perhaps the most vocal of all of them was congresswoman ill anna ross layton who joins us now from miami with the inside story of how this all went down. congresswoman roth layton, it's so good to see you. >> thank you, laura. >> laura: beaten up in congress. approval rating is down. but now we see congress actually gets rules with the help of the factor of course and all of fox news. go ahead. tell us what happened. how did this all go down? >> well, absolutely fox news and o'reilly factor you guys saved his layoff. i mean literally, remember that as you said in the top of the program the parents tried to do it it the old fashioned way. john has been rotting in that jail since a
cliff looms. so what happens next? moments away. [ sniffs ] i have a cold. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >> continuing now with top story this evening. today corporal john hammar found out he is going to be spending christmas with his family rather of course alone in a mexican prison. hammar's family is from florida. several members of the florida congressional deg senators billn and marco rubio helped lead the fight to free the marine. but perhaps the most vocal of all of them was congresswoman ill anna ross layton who joins us now from miami with the inside story of how this all went down. congresswoma
the fiscal cliff the latest on negotiations next. >> and chang restrictions are lifted on rows are clearing fresnel in the sierra will have an update on conditions. >> plus many is offering free service to celebrate its 100th anniversary will have a live report as the kron 4 morning news continues into minutes no all and thank you for and joining us there have been three homicides and 98 minutes will have details coming up. >> the clock is ticking for a solution in washington. we are just four days away from a fiscal cliff. we was see what congress will do today. >> we are seeing an increase and cloud cover. it is a cold start outside. as we head into afternoon rain chances could start for the bay area. as we take a look at the numbers. it is 30 degrees in santa rosa. it is 39 currently in fremont. tomorrow morning we went may wake up to rainy weather. >> we are looking at pretty light traffic around the bay area. i do not think that we will see anything different than what we have seen all week long. right now but quick commute check shows there is a like ride through the east bay. the res
it really is up to the government to do better and to resolve this fiscal cliff. in terms of who the next fed chairman's going to be, we don't have a sense on that. we think bernanke has done a masterful job, and we really do like him in this position. >> david katz, thank you very much for your time. >> thanks a lot. >>> that wraps up this special boxing day edition of "worldwide exchange." i'm seema mody. >> i'm jackie deangelis. it was great to be here with you this morning. don't forget to tune in to cnbc.com every tuesday and thursday at 1:00 p.m. eastern for my show, "futures now." "squawk box" is up next. >> have a great morning. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage.
christmas many americans have lingering financial worries. we know there's that fiscal cliff hovering over us and we're about to go over the edge but right now no one in washington is really doing anything about it. >> no, on the christmas break. edward lawrence is in washington, d.c. this morning with more on what lies ahead in the days to come. so edward i guess we won't really see any action until at least thursday? is that right? >> reporter: yeah we won't see action until thursday because the senate doesn't get back into session until thursday at the moment the capitol is deserved. so is the white house, as you know president obama is in hawaii on his annual vacation. that he has every year here. now he spent christmas eve playing golf and working out at a local marine base out there. he also has another golf round planned again for today. the talks between the president and the house have broken down on this fiscal cliff there are to try and avoid the deadline that's coming up. on thursday when the senate comes back into session most of the house of representatives will also be back
're optimistic they can reach a deal on the fiscal cliff. next we'll take a look at the possible effects and perhaps to fight hunger in the -- programs to fight hunger in the u.s. >> today, we want to look at the issue of hunger in america. we want to welcome our two guests. caroline rye cliff and alicia coleman jackson dealing with food and hunger. i want to ask you as you look through some of these figures what surprised you the most? what did you learn? guest: well, thanks for having me. just to talk about some of our main findings our statistics are based on food calendar year 2011 and that's base tond food survey conducted in 2011. we found that about 14.9% households were food insecure. food insecure means they lack consistent food. food insecurity rate in the u.s. is around 14% to 15% since 2008. from 2007 to 2008 food insecurity increased with the resession. it was at 11% prior to the recession. >> let me go to this sub head linebacker here. the 15% of these households being food insecure means they have trouble putting adequate food on the table. the question is why? why do we h
going over the fiscal cliff. i'll have more on that in my next update. live in washington kyla campbell ktvu channel 2 news. >>> analysts say if the country goes over the fiscal shift it could send the economy back if into a recession. >>> secretary of state hillary clinton is expected to return to work next week. a specksman for clinton says she continues to recooperate at home. doctors say clinton contracted a stomach virus earlier this month and became dehydrated and fainted. >>> the sonoma county sheriffs office will continue its search today for a possible plane crash. an eyewitness reported seeing smoke coming from a distressed aircraft in the hills. search crews combed that area but have found nothing. >>> the military is investigating a fighter jet that went down near fresno know. the plane crashed during a routine training mission yesterday afternoon. that about 100 east of fresno. the jet was flying between 12,000 own 15,000 feet at the time of the emergency. and the pilot ejected safely. >> there are no new one. >> no one was hurt on the ground. >>> time now 5:14. the city of
sweet the sound that saved a wretch like me ♪ >>> "outfront" next as we quickly approach the fiscal cliff, president obama makes a new proposal to congress. one week after the deadly school shooting in newtown, connecticut, communities across the nation and around the world pay tribute to the victims. and the national rifle association speaks out for the first time since the attack. it proposes a controrsial plan to prevent similar mass shootings. let's go out front. >>> good evening, everybody. i am soledad o'brien in for erin burnett tonight. out front this evening, lowering expectations, just ten days until we fall off the fiscal cliff and no deal in site. tonight president obama urged congress to broker a scaled down deal. >> i just speak to speaker boehner, and i also met with senator reid. in the next few days a asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. tha
republicans are looking past the fiscal cliff entirely and getting ready for the next fight. senator bob corker spoke moments ago on capitol hill. >> we immediate to do something in the 4 1/2 to $5 trillion range. so we can begin this year with this and in the rear view mirror and our economy really has the opportunity to take off. i think it is apparent that on these -- december 29 without anything that's bold in place, that's probably not going to happen. so, unfortunately, for america, the next line in the sand will be the debt ceiling. secretary geithner sent up a letter. it is probably around mid march action has to be taken. >> we are going to keep an eye on that. he will keep talking. we will bring you the highlights. first, though, this is going to be pretty hot. we have singer/songwriter, a man you are going to want to hear from whose biography could serve as a life lesson in and of itself. john forte joins us next on "now." >>> john forte grew up in brooklyn and made it to exeter academy on a violin scholarship and was a bram any nominated producer. he got a dream assignment fo
. >> reporter: christine romans. >>> that fiscal cliff, it's looming. ali velshi is here next with a special live edition of "your money." e he eel talk to the president and founder of americans for tax reform, grover norquist. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. we replaced people with a machine.r, what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. >>> checking stories that are trending this hour, how about taking a look at this snake? it is a python, 17 feet long. wandered, i like that word, into a florida everglades picnic area. it was
will be home before too long. >> i hope so. thank you. >>> coming up next, the fiscal cliff. we're close enough now to peek over the edge of that cliff. insiders say buckle up and prepare for the worst. ♪ ooh baby, looks like you need a little help there ♪ ♪ ooh baby, can i do for you today? ♪ [ female announcer ] need help keeping your digestive balance? align can help. only align has bifantis, a patented probiotic that naturally helps maintain your digestive balance. try align to help retain a balanced digestive system. try the #1 gastroenterologist recommended probiotic. align. >>> we are so close to the fiscal cliff right now we can pra practically look over the edge. in fact, some people are saying it might even be too late for a deal and we'll go over that cliff. harry reid just took to the senate floor 30 minutes ago to say he thinks it's likely we're going to go over the cliff. republicans like house speaker john boehner and mitch mcconnell have been radio silent on negotiations. joining me is will kain and roland martin, a political analyst and columnist. welcome to you both. >
some end-of-year tax hikes associated with the fiscal cliff. >> in the next few days, i've asked leaders of congress to work toward a package that prevents a tax hike on middle-class americans, protects unemployment insurance for two million americans, and lays the groundwork for further work on both growth and deficit reduction. >> reporter: remarks came after house speaker john boehner failed to muster enough of his party support to bring his plan b to the floor. his proposal would have effectively raised taxes only on those americans making more than $1 million a year. >> we had a number of our members who just really didn't want to be perceived as having raised taxes. >> reporter: the two sides each left the capitol for the christmas holidays blaming each other for inaction. democrats said thursday's failure in the house pointed to a need for more compromise by the gop. >> house republicans have gotten the message loud and clear. a comprehensive solution to the looming fiscal cliff will need to be a bipartisan solution. >> reporter: senate republican leader mitch mcconnell sa
finest equipment >>> "outfront" next, just six days until we all fall over the fiscal cliff and tonight, there's no action on capitol hill. will that change by the end of the year? tonight, two congressmen come "outfront" to talk specifics. plus, arizona's attorney general backs a plan reminiscent of the nra to arm school principles. does more guns in schools begin to add up? and the biggest political fumbles. the best of the worst from our politicians. >>> i'm in for erin burnett. "outfront" tonight, christmas is over. washington get back to work. the countdown is on. the clock is ticking. you've got six days to prevent this country from going over the fiscal cliff and today at least, we didn't see any action. nothing. nothing, nada. now, i'm not trying to be a grinch here. i hope everyone's had a merry, merry christmas. just like the president prescribed. >> drink some eggnog, have some christmas cookies, sing some christmas carols. >> but today's the 26th. you've drunk, you eaten and you've sung. now is the time for action. the latest news out of washington tonight, treasury secretar
to the wire big time. the fiscal cliff is really in sight now. >> it is deja vu all over again. >> the president chastising congress to do their jobs, but will they? details on what happened next. and violence against women. the vigil tonight in san francisco for a woman who lived and died brutally half a world away. and live doppler 7hd is tracking the rain and moving into the bay area. meteorologist sandhya patel is up next to show you when the rain will hit your neighborhood and a look ahead to new year's. that's all coming up. and then late other "nightline." >> i'm terry moran. dan, up next on "nightline," they are not rich, but they fly all over the world in first class for free. the extreme methods and secret tips of frequent flier mileage hoarders. and a national memory champion tonight. he will share his astonishing >>> senate leaders will work through the weekend to a avoid the fiscal cliff. there are fewer than four days left for taxes to go up for all-americans. the president met with republican and democratic leaders today to discuss a time frame for the next few d
. >>> it is not just the fiscal cliff that we're closing in on. a darely cliff? this is a new one. beginning next year you could be paying as much as $7 for a gallon of milk if congress doesn't step in. with all the concerns over the fiscal cliff, several other legislative matters are falling by the wayside. including a stalled farm bill that includes the dairy subsidy. it is set to end january 1st sending us all the way back to the 1950s policy requiring the government to buy milk at inflated prices. therefore driving up the cost for everyone. >>> i'm glad it's christmas. guess who's cozy by the fireplace here? our very own michelle griego sharing this photo from christmas eve. she doesn't know i'm sharing it with you -- >> i know. i know. >> she's at home with her family as you can see. they got the socks on. they're sitting on the couch. they're enjoying the fireplace. and the little socks to the far right is her 4-year-old daughter, my guess is giana is up and under the tree right now looking for goodies. >> that's so cute. i love that picture i think that's the future christmas card. >> i hope th
the tax increases and spending cuts that make up the fiscal cliff. es it d to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, ask your doctor if including advair could help improve your lung function. get your first full prescription free and save on refills at advaircopd.com. with less chronic osteoarthritis pain. imagine living your life with less chronic low back pain. imagine you, with less pain. cymbalta can help. cymbalta is fda-approved to m
. >>> president obama is cutting short his christmas break with next week's fiscal cliff looming large. he plans to return to washington tonight after spending the holiday in hawaii. kristen welker is traveling with the president. good morning to you. >> reporter: savannah, good morning to you. the first lady and first daughters will remain here and continue their hawaiian holiday. the president and first lady spent part of their christmas visiting with troops stationed here in hawaii, thanking them for their service before they sat down and enjoyed a tradit n traditional christmas dinner. the night before president obama called service members stationed overse overseas. when president obama returns to d.c., he and lawmakers will have just days to avert the so-called fiscal cliff. here is where everything stands. last week house speaker john boehner failed to get his own bill through the house. so now things are in the s senate's court. leaders there will have to come up with a compromise to avert the tax hikes and spending cuts set to go into effect during the first of the year. president obam
to washington next week because of the so-called fiscal cliff. legislators left washington without a deal that would avoid cutting government services on january 1st. >> a portion of interstate 80 heading to the sierra was shut down today after a series of storm related spinouts. the highway patrol shut the highway down this morning from colfax to the nevada state line. this is what it looked like this afternoon where you see a detour prompting cars to exit the freeway and turn around. at times the interstate looked more like a parking lot. >> try to get to tahoe for christmas and we saw a small sign that says road closed and thought day were kidding. but they weren't. >> the interstate eventually reopened this afternoon, the most powerful winter storm of the season is on track to drop as much as 5 feet of snow on top of the sierra. here's what it looked like earlier at squaw valley. as much as 12 inches of snow is forecast for the foot hills around reno, carson city. >> the highway patrol is looking for the driver who crashed an suv in oakland this morning. the vehicle careened off inter
then the service will be restored. >> we talk about the fiscal cliff - but there could also be a 'dairy cliff'. beginning next year, you could pay as much as seven dollars for a gallon of milk. a stalled farm bill means certain protections for farmers are expiring. a dairy subsidy ends january first. if congress doesn't act before then, the u-s would revert to a 63-year-old dairy policy. it would force the government to buy milk at inflated prices, driving up the cost for everyone. we will be right back on the kron 4 morning news. first, let us take a look at the san francisco's skyline good is a post card morning. cold your forecast, coming up. factory weekend o after a snows over the weekend of sierra have been clear. and several ski resorts around lake tahoe are reporting record amounts of fresh powder. kron 4's charles clifford has an update on conditions this is along highway 50 in the salt lake tahoe with fresh power itself lake tahoe. >> all i just heard that charles clifford mentioned that we are going to see some of snowfall. and he also mentioned that this is one of the most snowies
the fiscal cliff, someone else on wall street says the cliff will not be a doomsday event. we'll get them to make their case coming up. >> and also later on. facebook making an about face on using user photos for advertising. >> and winter storm euclid is pummeling the east coast. the latest storm and storm track coming up in the next hour of the program. you're watching cnbc, first in business worldwide. plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lo
the fiscal cliff. though some people would say, maybe we get a deal done in the next couple of days. i find it ridiculous that that would be the case. maybe they watch something through, i don't know. going into 2013, what do you think about the economy, what the backdrop for stocks? >> you know, you set it, maria, a lot hinges on the fiscal cliff. and certainly, yes. if you go off the proverbial cliff, taxes going uch and we're already, you know, coming out of a, you know, a slower than normal recovery. so i would expect expectations for the economy to come down. i would expect earnings expectations to come down. but i think if you're a stock investor, yes, there could be a knee-jerk sell off in response to all this. but as a stock investor, i think the key to 2013 then is those lowered expectations for the economy, for earnings, could then set up future positive surprises. i mean, really, even before this fiscal cliff, some of the economic reports coming out most recently, gdp, have been better than expected. i think that is a ps as we enter 2013. yes, there is going to be worries if we f
cliff and the potential nomination of chuck hagel. [ female announcer ] what if the next big thing, isn't a thing at all? it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco. tomorrow starts here. [ male announcer ] when diarrhea hits, kaopectate stops it fast. powerful liquid relief speeds to the source. fast. [ male announcer ] stop the uh-oh fast with kaopectate. >>> with me now is mike duffy and susan page and our cnn political analyst ron brown steen who has a day job. >> the at the national journal. >> let's talk about the fiscal cliff. from what we learned, we're going over this thing. >> we're either going over the fiscal cliff or the house is ultimately going to have to pass a bill that amajority of house republicans oppose. the most significant thing we heard was that from congressman latourette that john boehner wasn't wed to the rule that says t
cliff. senate democrats have not. if the president and lawmakers cannot reach a deal in the next five days, automatic tax hikes and major spending cuts are set to kick in and economists warn that could trigger another recession. what else are we hearing from democrats on the hill? >> trace, very interesting comments from vice president joe biden up here for an unrelated matter about the fiscal cliff today. he says, essentially he was asked what do you think will pass? he said if you tell me what would attract republican support, i can tell you what would pass. if asked if he was optimistic, he said he was neither optimistic or pessimistic but was going back to talk to the president. the senate majority leader sounded frustrated with house republican leadership. >> american people i don't think understand the house of representatives is operating out the house of representatives. it's being operated with a dictatorship of the speaker, not allowing the vast majority of the house representatives to get what they want. >> reporter: as you mentioned, trace, the speaker's spokesman said aft
to avoid the so-called fiscal cliff. they've been called into a sunday evening session just in case some deal can be reached. boehner is expected to attend the white house meeting but he's made it very clear. the next move is up to the senate. tara mergener has more. >> good morning, duarte. both sides say they are eager to talk and ready to strike a deal. the fiscal cliff is still a few days away, but business owner don carlino says he's already feeling the impact. >> a lot of our customers are holding back, they're apprehensive. they're not committing to projects. they're waiting to see what happens with the fiscal cliff. >> hope is fact if congress can get it done before january 1st. even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year, and we might finally start talking. >> today's white house meeting might be the last chance to co
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